In this paper we build an agent-based model based on a threefold financial accelerator: (i) leverage accelerator - negative shocks on firms' output make banks less willing to loan funds, and firms less willing to make investments, hence a credit reduction follows further reducing the output;...

Social capital affects many social and economic outcomes; hence, it is important to monitor its changes over time. Previous literature on trends of social capital focused mainly on the case of US, devoting less attention to other regions of the world, such as Europe. This study uses WVS-EVS...

This paper examines the interactive relationships between oil price shocks and stock market in 11 OECD countries using Vector Error Correction Models (VECM). Considering both world oil production and world oil prices to supervise for oil supply and oil demand shocks, strong evidence of...

Government intervention must be taken in the building industry in order to improve occupational safety and health in Tunisia. The objective of this research is to measure the value of mortality risk reductions for fatal injury in the Tunisian building and manufacturing industries. We use a...

Retail trade plays a major role in all economies all over the world. The performance of the sector has important implications towards the economic development of a country. Towards the end of 2008-09, while the world economy got shrank, the Indian economy was not much hampered due to its strong...

This paper attempts to assess the impact of treatment effect or programme applying difference in difference (DD) approach. This study also identifies that the DD estimators are biased under certain conditions.

Polish Abstract: Głównym celem badań, których wyniki zostały przedstawione w tej publikacji, było zidentyfikowanie barier i potencjałów rozwoju narzędzi outplacementowych: diagnostycznych, szkoleniowych oraz doradczych, w podlaskich przedsiębiorstwach. W pierwszej kolejności zostały...

The paper focuses on China’s economic integration with Asia region and the world. It also attempts to find the long run relation with short run dynamics of China’s trade in Asia and the world. The augmented Dicky-Fuller (ADF) and Phillips-Perron (PP) methods are applied to test the...

Abstract The purpose of this paper is to explore how Ghanaians respond to changes in interest rate on savings. In other to effectively explain how changes in interest rate affect the savings behaviour among Ghanaians, the study administered 200 questionnaires and analysis of the data was done...

For a host of compelling methodological reasons, homo oeconomicus has to be replaced. This is consensus, the open question is how this could be accomplished. What is required first is the separation of the formal foundations into a structural and a behavioral part. This paper introduces the...